Payroll Software
Automate your Payroll Processing with Machine Learning-based smHRt Payroll Software
Quick and Accurate Processing of Salaries that fulfils Advanced Payroll Requirements & Statutory Compliance.
smHRt Payroll Software
Streamline your Payroll Operations with truly smHRt Payroll Software
Embrace the Future of accurate automated Payroll Processing with Machine Learning-based ‘smHRt Payroll’, integrated with Attendance Management System
Next-Gen smHRt Payroll
Employ the Intelligence of Machine Learning to process your Employee Payroll accurately minimizing the processing time to a few minutes.
Comprehensive Payroll Overview
Quick Overview of Payroll Information for ensuring accurate payroll processing and improving visibility within ESS Portal.
Payroll Processing Pre-checks
Option to select Time Consolidation, Leave Posting, Payroll Posting, Monthly Input, Bulk Supplementary and Bulk LOP Credit.
Highly Flexible Payroll Management
Completely Customizable Payroll for Precise Calculations
Tweak your payroll settings and implement your organizational calculations for the correct Multi-company Payroll
Multi-Company Payroll
Manage payroll details of multiple ventures in your business using the same access for HRMS Software.
Multi-Structure Payroll
Easily create multiple employee categories for setting different payroll rules, by integrating with Leave Management System.
Conditional Formula Builder
Change salary heads with custom formulae, right from your employee management system, without depending on the developer.
Comprehensive Payroll Processing Software
Automated Payroll with Large Data Processing for Quick Processing & FnF
Streamlined calculations, combined with biometric attendance system, providing you with complete control of overall payroll processing
Automated Calculations
Streamline payroll calculations such as arrears, provident fund, professional tax, IT, ESI, etc.
F&F Calculations
Smooth exit with automated gratuity calculations, leave encashment and asset recovery.
Background Processing
Multitask efficiently by batch processing payroll in the background to improve productivity.
Product Brochure
Powerful Features, Loved by Customers
Payroll Processing
The accurate processing of each employee’s payroll is the core responsibility of the payroll system. With it, HR teams can avoid manual errors resulting in an accurate payroll process.
Compliance Handling
Payroll solutions also automate the process of compliance handling by cross verifying each entry against the local and national laws related to employee payroll and taxes.
Direct Deposits
It can also transfer employee salaries to their accounts using direct deposits as banks provide dedicated APIs to interface with the payroll system.
Analytics & Reporting
Analytics and reporting are other essential features of the payroll system since they provide the company with data that can be used to determine the effective utilization of employees.
Employee Self-Service
Payroll systems also provide employee self-service portals in the form of web access or mobile apps to ensure round-the-clock remote access to their payroll data.
Time Tracking
It also helps track employees’ login hours accurately, enabling the correct calculation of payroll, and making ‘time-tracking’ an essential feature of payroll solutions.
Top-Rated HR Software in India
Pocket HRMS is a leading HRMS software solution provider, recognized by top-notch review platforms like ‘G2‘ and ‘Software Suggest‘ for its revolutionary features.
#1 Choice of Industry Experts
FAQs
What is Payroll Software?
Payroll Software is a system that helps you manage employee payroll by enabling accurate calculations and automating compliances, to enable you to disburse it accurately on time. To ensure accurate payroll, modern cloud-based payroll software like Pocket HRMS utilizes advanced technologies like Machine Learning, which sifts through the payroll data and informs the user of any discrepancies such as data outliers.
According to Mordor Intelligence, the HR payroll solution market is estimated to be at USD 1.66 billion in 2024. It is expected to reach USD 2.38 billion by 2029, by growing at a CAGR of 7.49% during the forecast tenure (2024- 2029).
How is payroll calculated?
Payroll is calculated using a specific set of steps:
Collation of Attendance Data: The attendance of employees is collected and converted into net pay.
Calculation of Payroll Amounts: The net pay is converted into gross pay by adding additional salary components.
Compliance Handling: The statutory deductions are removed from the gross pay and deposited into the employee’s account.
What are the benefits of Payroll Software
There are multiple benefits of deploying custom payroll systems such as:
– Accurate Payroll Calculations
– Compliance Automation
– Increased Data Security
– Advanced Analytics & Reporting
– Enhanced Efficiency
– Increased Employee Satisfaction
– Timely Notifications
– Employee Self-Service Options
Which software is best for payroll?
Pocket HRMS is the best payroll software in India as it provides you with the ‘smHRt Payroll’ feature, which utilizes Machine Learning to train on your payroll data and highlight any errors in it.
Is the data secure with your Cloud Payroll Software?
Pocket HRMS is hosted on Microsoft Azure, which utilizes 256-bit enterprise-grade encryption standard to keep your payroll data safe and secure. Combined with robust uptime and architecture, Microsoft Azure has proven to be the best option to safeguard sensitive data like employee payroll information. So, yes, the data remains completely secure with our cloud payroll software.
Can I run payroll for hourly, salaried, and contract employees?
Absolutely. Being a highly flexible system, Pocket HRMS allows you to calculate payroll for hourly, salaried and contract employees, by configuring the employee types according to your company requirements.
Can employees access their payslips and tax documents online?
Yes, Pocket HRMS comes with an intuitive web-based ESS portal which provides them access to their payslips and tax documents whenever required. We also have a dedicated mobile app which provides your employees easy access to their documents.
Can I generate custom reports for audits or internal reviews?
Yes, with a highly flexible Data Wizard, you will be able to generate custom reports for audits and internal reviews. You can even save your configuration as a template, which enables you to easily generate the same report next time with fewer clicks.
Can I customize pay components like bonuses, overtime, or deductions?
Yes, Pocket HRMS is a highly flexible payroll software that enables you to customize every component of your employee salaries, including bonuses, overtime, and deductions. You can even add formulae for their calculations, making it highly efficient.
Can Pocket HRMS Payroll Software handle multiple pay schedules?
Absolutely! Pocket HRMS is an employee payroll software which is customizable to your exact payroll requirements. By configuring it to handle multiple pay schedules, you can process salaries and generate payslips whenever you require, ensuring complete flexibility. Additionally, processing your employee salaries through ‘smHRt Payroll’ ensures complete accuracy and enhanced efficiency.
How much does Pocket HRMS cost?
The Standard Plan of Pocket HRMS costs ₹2495 per month for up to 50 employees. If you employ more than 50 employees, then you can pay an additional ₹40 per employee per month to enjoy the numerous features of the Standard Plan.
Similarly, the rate for the Professional Plan of Pocket HRMS is ₹3995 per month for up to 50 employees. If you employ more than 50 employees, then you can pay an additional ₹80 per employee per month to enjoy the extra features of this Plan along with the Standard Plan features.
The most feature-rich plan of Pocket HRMS is the Premium Plan which has all the features provided in the Professional Plan along with additional exceptional features which make Pocket HRMS revolutionary software for your organization.
How is Pocket HRMS Payroll different from the other online Payroll Software?
The main difference between Pocket HRMS and any other cloud-based payroll system in India is the ‘smHRt Payroll’ feature, which utilizes Machine Learning to learn your payroll patterns over time and highlight any errors in your payroll data. Using smHRt Payroll, you can process your employee payroll quickly with simplified steps, as the system takes care of capturing errors for you.
